St. Louis Fed President Musalem sees 'limited room' for more interest rate cuts
1. Fed President Alberto Musalem supports recent rate cuts, worries about inflation. 2. Current monetary policy is between modestly restrictive and neutral. 3. Majority of FOMC sees need for at least two more cuts this year. 4. Musalem warns against over-easing, stressing balance between labor and inflation. 5. Current federal funds rate is viewed as close to neutral.